| INSURANCE : In india it simply means LIC |
| Life insurance in India made its debut is about 100 years ago. If someone in india hear the word INSURANCE, the first thing that come into the mind is LIC. |
| In our country, the need of insurance is not as widely understood, as it ought to be. It must be clearly understood that the following content is by no means an exhaustive description about the INSURANCE benefits or privileges. |
| For more details, please contact our office. We will be glad to help you choose the life insurance plan to meet your needs and render policy servicing. |
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| LIFE INSURANCE : What does it means? |
| Life insurance is a contract that provide guarantee payment of an amount to the person assured (or his nominee) on the happening of the event for what he or she is insured . |
| The contract is valid for payment of the insured amount during: |
| * The date of maturity, or |
| * Specified dates at periodic intervals, or |
| * Unfortunate death, if it occurs earlier. |
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| HISTORY |
| The story of insurance is probably as old as the story of humankind. The same instinct that prompts modern executives today to secure themselves against accidents or simply loss and disaster existed in primitive men also. They too sought to prevent the evil happenings of fire and flood and loss of life and were willing to make some sort of sacrifice in order to achieve security. The concept of insurance is a development of the recent past. |